The "state" of the coin market, does it matter?

DesertLizard

I am always amused how some dealers tout the coin market like if they are selling stocks. They use terms like bullish, strong buy, etc.

My question is does it really matter to the average collector what's "hot"? Is anyone really interested in how many millions in inventory a dealer "just got in"? Does it matter that coins the average collector cannot afford sell for record prices and dealers use that as a selling point to sell say, Sac $?

There always seems to be an urgency with some sellers with "you gotta get in now" mentality. When I hear that I think, "did the dealer tell the seller of the coin, you have to sell now the market is hot"?

Just wondering.

coindaughter

Sounds like marketing hype. You find it in any business. Just the other day, I was inquiring about a dog at the pound and I got the line, "Someone else is interested, you better act fast." A week later, the pup is still there.

kieferscoins

If the market is depressed, then most serious collectors may spend a little more money on the sets they enjoy collecting. It dosen't take a dealers ad or special newsletter to tell the real collectors how the market is going.

Cameron Kiefer

DMWJR

My opinion on the coin market is . . . the same as any other market . . .

Top 10% -- true collector -- no effect
Bottom 10% -- true collector -- no effect

Everybody else -- collector/investor -- rides the waves baby. . .

Trime

I am impressed that CDN,Heritage, RH, Coin World, etc repeatedly tell us that the market is "white hot", ready to move, selective but very strong; we are also reminded that the next auction is a chance of a lifetime. It is called marketing. I also note that how much you pay is an indicator of its true value. This is called rationalization.

EVillageProwler

As someone who is nearly a pure collector, I dislike a ``hot'' market because this means more and more people are interested in coins, thus driving prices up.

As a seller, however, a ``hot'' market is precisely what I want because that just increases my business activity.

Take a look at Early Dollars... About three years ago, their prices were cheap as heck. Then, they became ``hot'' and their prices increased. Bummer for me when I want to buy. Good for me 'cuz I sold off my mediocre specimens.

EVP

gmarguli

I find it pathetic how the hypesters keep talking about the market being so hot. If it really were this hot for this long, then common date MS65 Morgans would cost $10,000.

Like EVP said, I'd prefer a dead market so I could pick up things cheap. The only problem with that is I try to collect quality coins and quality is always in demand.

DMWJR

See? You guys are riding the waves . . . just like me.

I have trouble describing the market as a whole. There are some "white hot" areas, and there are some "dead" areas where good buys exist. If you are a seller, go for the first. If you are a collector, seek the dead and you shall find it.

ANACONDA

The market always seems hot when I work hard at posting many coins. Soon, I have too many coins to ship, not enough time to list and the market isn't as hot any more which gives me time to list coins and watch the market heat up.



adrian

anaconda.rare.coins (on eBay)

crito

I expect a seller to hype their product a bit. Doesn't really matter if it's a coin dealer with all PQ coins or a CEO touting his company stock on CNBC. But when all these supposedly unbiased observers start agreeing, usually with three aliases, it really starts to resemble "the boiler room" IMHO.

michael

the market as is its current state in my limited time here the last 35 years or so is thin and undercapitalized

for me i am sure there are some super slow times and some super hot times but overall the market is okie and evens out over the long haul

quality
value
eye appeal
have always ruled

if you have coins for sale with reasonable eye appeal and value and quality you will do okie

sincerely michael

oreville

Michael: Yes 35 years is limited. That doe not get you back to the good old days of 1963 to 1965 when coins were still available and every bank was a dealer.

Those were not the days to be undercapitalized. :-(

michael

to think waht i could have gotten in 63 to 65 oreville... man

but for me i think what is coming is even greater

but i am sure i will never be able to capitalize on it as i could never guess what will be in demand but wahtever it is i am sure i will not like it...........lol

sincerely michael

Lakesammman

I look at it like the stock market...keep investing regularly and count on dollar cost averaging....I plan on selling in 30 years (Lord willing) so I'm interested in what the market is doing in 2032.....any predictions??